Alcoa to start investment project without Rosnano

The American Alcoa has decided not to work with Rosnano in the first phase of creating the production of drilling pipes with nano-coatings in the Samara region. The Head of Rosnano, Anatoly Chubais believes that the company can still return to the project at a later stage. However, sources of the Kommersant claim that the participation of Rosnano at the first phase of the project isn’t particularly required: nanotechnologies will be used later.

The joint venture of Rosnano and American Alcoa in the Samara region "has been modified", the Head of Rosnano, Anatoly Chubais reported. According to him, the project for the production of drilling pipes with a nano-coating, which was originally planned to be carried out in the format of the joint venture, will be implemented, but Alcoa will invests on its own at the first stage. "There is a project, but there is no partnership," - Mr. Chubais noted. He didn’t directly link this with the sanctions against Russia. Alcoa stated to the Kommersant that the decision wasn’t connected with the sanctions.